FTVLive.com

They may compete against each other on the air, but off, they break bread together.

Robert Feder says that Ryan Baker of CBS-owned WBBM-Channel 2, Lou Canellis of Fox-owned WFLD-Channel 32 and Kip Lewis of Comcast SportsNet Chicago are partners in a venture to launch “something between a sports bar and a fancier restaurant” in an 8,000-square-foot in Chicago.

“You know the risks involved,” Baker told Chicago Real Estate Daily. “You know the odds, but again, when you are part of a group, part of a team, that lessens the individual risk.” Baker declined to say how much he or the others invested.

The still-unnamed restaurant is expected to open by “early spring at the latest.”